Kikkoman Q1 revenue falls 1.4% on strong yen

Kikkoman Corporation reported Q1 consolidated revenue of 175.66 billion yen, down 1.4% year-on-year, with business profit falling 10.8% to 19.53 billion yen due to yen appreciation.

Domestic food manufacturing and sales revenue rose 2.1% to 39.99 billion yen. Overseas operations grew in local currencies but reported declines of 2.7% for food manufacturing and 2.2% for wholesale after currency conversion.